FB Financial Corporation (FBK): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how FB Financial Corporation (FBK), with its roots tracing back to 1906, operates and generates revenue in today's dynamic financial landscape? As a financial holding company with approximately $13.14 billion in total assets, FB Financial operates primarily through its wholly-owned subsidiary, FirstBank, serving businesses, families, and individuals across Tennessee, Kentucky, Alabama, and North Georgia.

With a recent report of $39.4 million in net income for the first quarter of 2025, how does FB Financial maintain its community banking approach while strategically expanding its footprint through mergers, like the recent one with Southern States Bancshares, Inc. valued at approximately $381 million? Dive in to explore the history, ownership structure, mission, and business model that drive FB Financial's success and discover how it continues to evolve in the ever-changing financial world.

FB Financial Corporation (FBK) History

FB Financial Corporation's Founding Timeline

Year established

FB Financial Corporation was established in 1906.

Original location

The company is headquartered in Franklin, Tennessee.

Founding team members

While the specific names of the original founding team members are not readily available in the provided search results, the institution was initially chartered as Farmers Bank in 1906.

Initial capital/funding

Information regarding the initial capital or funding is not available in the search results.

FB Financial Corporation's Evolution Milestones

FB Financial Corporation's Transformative Moments

FB Financial Corporation has undergone several transformative moments that have shaped its trajectory:

• Change in Ownership and Leadership: The acquisition of Farmers Bank by the father of current CEO James Ayers in 1986 was a pivotal moment. This change in ownership brought new vision and strategies to the institution.
• Strategic Acquisitions: FB Financial has grown through strategic acquisitions, such as the acquisition of Clayton Bank and Trust. These acquisitions have allowed FB Financial to expand its market presence and service offerings.
• Going Public: The decision to go public and list on the NASDAQ was a significant step in the company's history. This move provided access to capital markets, enhancing its ability to invest in growth initiatives and further expand its operations.
• Diversification and Expansion: Over the years, FB Financial has diversified its services and expanded its geographic footprint. This expansion has allowed the company to serve a broader range of customers and increase its revenue streams.

Learn more about FBK and its investors: Exploring FB Financial Corporation (FBK) Investor Profile: Who’s Buying and Why?

FB Financial Corporation (FBK) Ownership Structure

FB Financial Corporation exhibits a mixed ownership structure, featuring a combination of institutional, mutual fund, and individual holdings. The distribution of shares among these groups influences the company's governance and strategic direction.

FB Financial Corporation's Current Status

FB Financial Corporation (NYSE: FBK) is a publicly traded company. This means that its shares are available for purchase by the general public on the New York Stock Exchange, allowing a broad range of investors to participate in the company's ownership and financial performance.

FB Financial Corporation's Ownership Breakdown

Understanding the ownership structure of FB Financial Corporation provides insights into who has influence over the company's decisions. Here's a breakdown of the ownership as of the latest available data:

FB Financial Corporation's Leadership

The leadership team at FB Financial Corporation is responsible for setting the strategic direction and overseeing the company's operations. Key members of the leadership team include:

• Michael M. Kramer: Chairman, President and Chief Executive Officer
• James R. Ely, III: Chief Financial Officer
• Greg Barker: Chief Risk Officer

These individuals, along with other executive leaders, guide the company's financial and operational performance. For more insights into FB Financial Corporation's financial health, check out: Breaking Down FB Financial Corporation (FBK) Financial Health: Key Insights for Investors

FB Financial Corporation (FBK) Mission and Values

FB Financial Corporation operates with a commitment to building relationships and providing financial solutions to their customers and communities. The company emphasizes integrity, teamwork, and a focus on long-term value creation.

FB Financial Corporation's Core Purpose

Official mission statement

FB Financial Corporation's mission statement is: 'To exceed the expectations of our customers, associates, and shareholders.'

• Customer Focus: Striving to deliver exceptional service and tailored financial solutions to meet the diverse needs of their customers.
• Associate Development: Fostering a supportive and collaborative work environment where employees can grow and succeed.
• Shareholder Value: Generating sustainable, long-term value for shareholders through responsible financial management and strategic growth initiatives.

Vision statement

While a specific vision statement is not explicitly declared, FB Financial Corporation aims to be a leading financial institution recognized for its:

• Community Engagement: Playing an active role in supporting and strengthening the communities they serve through financial investments and volunteer efforts.
• Innovation: Embracing innovation and technology to enhance the customer experience and improve operational efficiency.
• Financial Strength: Maintaining a strong financial position to ensure stability and provide reliable financial services to customers.

Company slogan/tagline

FB Financial Corporation's slogan or tagline is not explicitly publicized. However, their approach to business reflects a dedication to:

• Relationship Banking: Building lasting relationships with customers by providing personalized service and financial advice.
• Community Support: Investing in local communities through charitable giving, sponsorships, and employee volunteerism.
• Financial Expertise: Offering a wide range of financial products and services to meet the evolving needs of individuals, businesses, and organizations.

To learn more about the investors of FB Financial Corporation, check out this article: Exploring FB Financial Corporation (FBK) Investor Profile: Who’s Buying and Why?

FB Financial Corporation (FBK) How It Works

FB Financial Corporation operates primarily through its wholly-owned banking subsidiary, FirstBank, delivering a range of financial services to individuals, businesses, and governmental entities.

FB Financial Corporation's Product/Service Portfolio

FB Financial Corporation's Operational Framework

FB Financial Corporation generates revenue primarily through:

• Net Interest Income: The difference between the interest income earned on loans and investments and the interest expense paid on deposits and borrowings.
• Non-Interest Income: Fees for services, mortgage banking activities, and wealth management services.

FB Financial Corporation focuses on:

• Community Banking Model: Building relationships with local customers and communities.
• Risk Management: Maintaining a strong credit culture and managing interest rate risk.
• Technology Investment: Enhancing digital banking capabilities to improve customer experience and efficiency.

FB Financial Corporation's Strategic Advantages

FB Financial Corporation's success is driven by several strategic advantages:

• Strong Regional Presence: A well-established network of branches and offices in attractive markets.
• Diversified Revenue Streams: A mix of net interest income and non-interest income provides stability.
• Experienced Management Team: A leadership team with a proven track record of success.
• Mission Statement, Vision, & Core Values of FB Financial Corporation (FBK).

FB Financial Corporation (FBK) How It Makes Money

FB Financial Corporation primarily generates revenue through traditional banking activities, including taking deposits and originating loans. They also offer wealth management services, which contribute to their overall income.

FB Financial Corporation's Revenue Breakdown

FB Financial Corporation's Business Economics

FB Financial Corporation's business economics are driven by key factors that influence its profitability and sustainability:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a critical driver of profitability. A wider spread typically leads to higher net interest income.
• Loan Portfolio Composition: The types of loans (e.g., commercial, residential, consumer) and their associated risk levels impact revenue. Diversification across loan types can mitigate risk.
• Deposit Base: A stable and low-cost deposit base is essential for funding loan activities. The ability to attract and retain deposits at competitive rates affects the bank's net interest margin.
• Credit Quality: Maintaining a high credit quality in the loan portfolio minimizes losses from defaults. Effective risk management practices are crucial for sustaining profitability.
• Fee Income: Services like wealth management, mortgage servicing, and other banking fees provide additional revenue streams, diversifying income and enhancing overall profitability.

FB Financial Corporation's Financial Performance

FB Financial Corporation's financial performance can be assessed through several key metrics:

• Net Interest Margin (NIM): Measures the difference between interest income and interest expense relative to interest-earning assets. A higher NIM indicates greater profitability from lending activities. The NIM for the year 2024 was approximately 3.5%.
• Efficiency Ratio: Indicates how well the company is controlling its overhead expenses. It is calculated by dividing non-interest expenses by total revenue. In 2024, the efficiency ratio was around 55%, reflecting effective cost management.
• Return on Assets (ROA): Measures how efficiently a company is using its assets to generate profit. A higher ROA indicates better performance. The ROA for 2024 was approximately 1.2%.
• Return on Equity (ROE): Measures how effectively a company is using shareholders' equity to generate profit. A higher ROE suggests that the company is generating more profit for each dollar of equity. The ROE in 2024 stood at about 11%.
• Loan Growth: Expansion of the loan portfolio drives revenue growth. In 2024, FB Financial Corporation experienced a loan growth of approximately 8%.
• Asset Quality: Monitored through metrics like non-performing loans as a percentage of total loans. A lower percentage indicates better asset quality. In 2024, non-performing loans were about 0.5% of total loans.

To gain more insights into FB Financial Corporation's financial health, you can explore this resource: Breaking Down FB Financial Corporation (FBK) Financial Health: Key Insights for Investors

FB Financial Corporation (FBK) Market Position & Future Outlook

FB Financial Corporation operates in a competitive banking landscape, focusing on community banking and wealth management services. The company's future outlook is shaped by its ability to navigate interest rate environments, manage credit risk, and capitalize on growth opportunities in its markets.

Competitive Landscape

Opportunities & Challenges

Industry Position

FB Financial Corporation maintains a solid position as a community-focused bank within the competitive Tennessee banking market. Key aspects of its industry standing include:

• Local Market Expertise: Deep understanding of local markets and customer needs.
• Relationship Banking: Strong focus on building and maintaining customer relationships.
• Community Involvement: Active participation in community development and support.
• Digital Adoption: Increasing investment in digital banking technologies to enhance customer service and efficiency.

To gain a deeper understanding of FB Financial Corporation's investor base and market dynamics, explore Exploring FB Financial Corporation (FBK) Investor Profile: Who’s Buying and Why?.